Uber has fully divested its stake in Serve Robotics, the autonomous delivery robot company that originated from Uber's Postmates X division. The sale marks a shift as the two companies diverge on business strategy, with Serve citing differing views on scaling its autonomous fleet and noting growth with other delivery partners. Uber's exit reflects a pullback following a decline in robot delivery volume through Uber's platform. Serve does not plan to renew its partnership with Uber when it expires in 2027, signaling a strategic realignment for both firms.
Uber has informed thousands of drivers that their personal and driver's license information was stolen in an October data breach involving its third-party tech provider, Fireworks AI. Hackers accessed Uber's data by stealing internal credentials from...
Uber's Q3 FY26 results showed robust growth with a 20% increase in gross bookings and a 38% rise in non-GAAP EBIT, supported by share buybacks boosting EPS. The company is advancing its autonomous vehicle (AV) strategy through partnerships to address...
The US Justice Department has filed a lawsuit against Lyft, accusing the ride-hailing company of discriminating against passengers with disabilities, including those using service animals and mobility devices. The lawsuit seeks $53 million for affect...
Wall Street analysts overwhelmingly rate Uber as a buy, with a price target of $107.27, implying a 53.5% upside from its current $69.87 price. Uber's Q3 revenue beat estimates, and its delivery segment shows strong growth, driving optimism toward a p...
Take-Two Interactive expects a record year with Grand Theft Auto 6 preorders surpassing $750 million, as the game launches November 19. Boeing plans to reduce its commercial aircraft workforce by about 5%, combining layoffs and attrition, with employ...
